IDC 4001H Final: Historical context for topic and issue

• School: Baruch College
• Department: Feit Interdisciplinary Humanities Seminar
• Course: IDC 4001H
• Professor: Donna Gitter

Document Summary

Gentrification in new york city is the outcome of a series of new economic and demographic trends. Its roots can also be found in the surge of educated, affluent, younger, and single people headed back to the city (florida). This surge can be seen in crown heights, brooklyn particularly, where developers began buying land and revitalizing neighborhoods and creating condominiums. David j. maundrell iii, the president of aptsandlofts. com states, it"s a natural progression to move down into crown heights after going through bushwick and then bedford- The land in this area was very reasonably priced at the time, and the rental rates have been pretty solid. (gregor) this instinctively created a desire for newcomers to inhabit, especially young, single students and professionals. The main goal of these developers is to create highly profitable and luxurious apartment buildings that ranged from ,000 all the way up to around ,000 per month (gregor).